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Lawmakers from various states are launching plans to pass resolutions urging federal lawmakers to reinstitute the Glass-Steagall Act. Sen. Elizabeth Warren, D-Mass., has been touting the move in Congress, although she hasn't had much success so far. Illinois state Rep. Mary Flowers said, "We on the state level have been looking for an Elizabeth Warren -- someone to carry this banner for us." Maine and South Dakota have approved the resolutions, with Alabama, California, Mississippi and Pennsylvania considering similar resolutions.

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Email correspondence released by WikiLeaks suggests that Hillary Clinton's campaign fretted over possible negative reaction from Sen. Elizabeth Warren, D-Mass., if Clinton did not back her call to reinstate the Glass-Steagall Act to separate commercial and investment banking. The campaign has not verified the emails.

Democratic presidential contender Hillary Clinton urged tougher rules for Wall Street, echoing calls from Sen. Elizabeth Warren, D-Mass. However, a Clinton adviser said she does not support Warren's calls for reinstating the Glass-Steagall Act to separate commercial and investment banks. "You're not going to see Glass-Steagall," said Alan Blinder, a former Federal Reserve official.

As Sen. Elizabeth Warren, D-Mass., took to Twitter and other media to rally support for a modern Glass-Steagall Act, industry officials said the law would not have prevented the financial crisis. Scott Talbott, senior vice president for public policy at The Financial Services Roundtable, said Dodd-Frank Act reforms addressed the problems of the crisis. "Returning to Glass-Steagall would take the industry backward," he said. "It's better to take the industry into the present, to modernize, rather than go back into the 1930s."

Columnist Matthew C. Klein writes that efforts by Sens. John McCain, R-Ariz., and Elizabeth Warren, D-Mass., to introduce a bill to reinstate the requirements of the Glass-Steagall Act are counterproductive and take away from the attention that needs to be paid to meaningful reform attempts.